GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » PhenixFIN Corp (NAS:PFX) » Definitions » Effective Interest Rate on Debt %

PhenixFIN (PhenixFIN) Effective Interest Rate on Debt % : 7.32% (As of Dec. 2023)


View and export this data going back to 2011. Start your Free Trial

What is PhenixFIN Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. PhenixFIN's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $6.17 Mil. PhenixFIN's average total debt for the quarter that ended in Dec. 2023 was $84.30 Mil. Therefore, PhenixFIN's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.32%.


PhenixFIN Effective Interest Rate on Debt % Historical Data

The historical data trend for PhenixFIN's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

PhenixFIN Effective Interest Rate on Debt % Chart

PhenixFIN Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.27 7.42 5.08 6.58 6.82

PhenixFIN Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.32 7.04 6.95 7.14 7.32

Competitive Comparison of PhenixFIN's Effective Interest Rate on Debt %

For the Asset Management subindustry, PhenixFIN's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


PhenixFIN's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, PhenixFIN's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where PhenixFIN's Effective Interest Rate on Debt % falls into.



PhenixFIN Effective Interest Rate on Debt % Calculation

PhenixFIN's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Sep. 2022 )+Total Debt  (A: Sep. 2023 ))/ count )
=-1  *  -5.532/( (77.963+84.253)/ 2 )
=-1  *  -5.532/81.108
=6.82 %

where

Total Debt  (A: Sep. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=77.963 + 0
=77.963

Total Debt  (A: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=84.253 + 0
=84.253

PhenixFIN's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -6.168/( (84.253+84.337)/ 2 )
=-1  *  -6.168/84.295
=7.32 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=84.253 + 0
=84.253

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=84.337 + 0
=84.337

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


PhenixFIN  (NAS:PFX) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


PhenixFIN Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of PhenixFIN's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


PhenixFIN (PhenixFIN) Business Description

Industry
Traded in Other Exchanges
N/A
Address
445 Park Avenue, 10th Floor, New York, NY, USA, 10022
PhenixFIN Corp formerly Medley Capital Corp is a non-diversified closed end management investment company operating in United States. Its investment objective is to generate current income and capital appreciation by lending directly to privately held middle market companies to expand their business, refinance and make acquisitions. It mainly invests in senior secured first lien term loans, senior secured second lien term loans, unitranche, senior secured first lien notes, subordinated notes and warrants and minority equity securities. It may also invest in securities of foreign companies. Portfolio of the company mainly consists of securities across all sectors. Revenue generated by the company comprises of interest income, dividend and other income earned through investments made.
Executives
Ellida Mcmillan officer: CFO & Chief Accounting Officer C/O ALCENTRA CAPITAL CORP., 200 PARK AVE, 7TH FL, NEW YORK NY 10166
David A Lorber director C/O FRONTFOUR CAPITAL GROUP LLC, 35 MASON STREET, 4TH FLOOR, GREENWICH CT 06830
Howard Amster director 23811 CHAGRIN BLVD # 200, BEACHWOOD OH 44122-5525
Arthur S Ainsberg director C/O ANGELO, GORDON & CO., L.P., 245 PARK AVENUE, 26TH FLOOR, NEW YORK NY 10167
Karin Hirtler-garvey director 112 W. 34TH STREET, NEW YORK NY 10120
Lowell W Robinson director 470 WEST END AVENUE, NEW YORK NY 10024
Fortress Investment Group Llc 10 percent owner 1345 AVENUE OF THE AMERICAS, 46TH FLOOR, NEW YORK NY 10105
Drawbridge Special Opportunities Fund Lp 10 percent owner C/O FORTRESS INVESTMENT GROUP LLC, 1345 AVENUE OF THE AMERICAS, 46TH FLOOR, NEW YORK NY 10105
Fig Llc 10 percent owner 1345 AVENUE OF THE AMERICAS, 46 FLOOR, NEW YORK NY 10105
Fortress Operating Entity I Lp 10 percent owner 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Fig Corp. 10 percent owner 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Db Med Investor I Llc 10 percent owner 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Drawbridge Special Opportunities Gp Llc 10 percent owner 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Drawbridge Special Opportunites Fund Ltd 10 percent owner 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Fortress Principal Investment Holdings Iv Llc 10 percent owner 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105